Stellantis stock jumps despite $26.3B loss as improving second-half results signal turnaround beginning

Big Three automaker Stellantis (STLA) reported a massive full-year loss after taking a $26 billion EV-related charge but saw improving second-half results, suggesting the company's turnaround under CEO Antonio Filosa may be working. Stellantis — which counts brands like Ram, Jeep, Fiat, and Alfa Romeo in its product portfolio — reported second half net revenue of 79.25 billion euros ($93.47 billion), in range of 78 billion to 80 billion euros ($91.87 to $94.23 billion) forecast, and 10% higher than the 71 ...